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The Tourism Sector in Nigeria

by Fred Nwaozor The tourism sector in Nigeria is a largely untapped yet highly promising component of the national economy. With her vast landmass, rich cultural diversity, and varied ecosystems, Nigeria possesses the natural and human resources required to build a thriving tourism industry. Tourism, if properly harnessed, can serve as a major source of revenue, employment, and international goodwill for the country. Nigeria’s cultural diversity is one of its greatest tourism assets. With over 250 ethnic groups, each with distinct languages, traditions, festivals, and cuisines, the country offers a wide range of cultural experiences. Traditional festivals such as the Argungu Fishing Festival, Osun-Osogbo Festival, Durbar Festival, and New Yam festivals attract both local and international visitors. The country is also blessed with numerous natural attractions that have strong tourism potential. These include scenic landscapes such as the Obudu Mountain Resort in Cross River ...

Larry Ellison emerges World’s Richest Man

The co-founder of the global IT giant, Oracle, Larry Ellison has reportedly emerged the world's richest man.

By this development, he has overtaken the owner of X platform, Elon Musk who had remained the world’s richest person.

Ellison, 81, amassed about $95 billion in additional wealth on Wednesday, September 10, 2025, as Oracle shares skyrocketed after the nearly 50-year-old IT firm forecast massive revenue growth.

That rise lifted Ellison’s overall fortune to nearly $393 billion compared with Musk’s roughly $385 billion, according to Forbes’ real-time billionaires index.

A Bloomberg wealth index placed Ellison’s bounty slightly ahead of Musk’s, designating the Oracle chief number one at the moment. The difference in the tallies relates to how some of their huge holdings are estimated.

Reports indicate that Ellison and Musk are close friends, with the former often coming to latter’s aid during challenging periods.

He reportedly invested over $1 billion in Musk’s buyout of Twitter and served on Tesla’s board for many years.

Musk’s most easily estimated holding is Tesla, whose shares have fallen in 2025 amid languishing sales attributed partly to Musk’s embrace of far-right political causes.

Tesla earlier this month unveiled a compensation proposal for Musk that could top $1 trillion through 2035 if the company hits ambitious targets. Shareholders are expected to vote on the plan in November, 2025.

It's noteworthy that Ellison is a longtime supporter of the United States' President, Donald Trump.

He holds more than 1.1 billion dollars shares of Oracle, accounting for more than 40 percent of the company’s equity.

Fred Nwaozor, popularly known as TheMediaAmbassador, is a Nigerian tech expert, author, creative & content writer, media strategist, policy analyst, blogger, public speaker and rights activist. The renowned columnist regularly writes for the Federal Radio Corporation of Nigeria (FRCN), and is the Founder & Convener of Right Thinkers Movement (RITMO), Nigeria. He's a chartered industrial physicist, engineer and IT personnel. As a media guru, he enjoys an active presence in all media segments - including electronic, print & digital - since two decades ago till date. As a full-time researcher and educator, he's a regular contributor and peer reviewer for various internationally-noted engineering journals. As an Automation & Telecommunication engineer, his research interest mainly lies in System Modelling, Internet of Things (IoT), Smart city, Cybersecurity, Wireless networks, and Machine Learning (ML).